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we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes. 19% said they would be willing to give up host: we would like to hear what deduction you would give up. you can weigh in on our facebook page, there's a poll set up where you can tell us specifically which interests you the most, or perhaps wh
we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be...
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host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. it's attached to social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have money in the economy? guest: on the medicare aside -- this is a very important issue were one needs a lot of public a lot -- a lot of public education about the numbers and the reality. the gap between peril taxes paid in and premiums paid into medicare and spending going out his $3 billion per year. that program is a big part of the problem. it is also true of medicaid and ssi, i think they should all be looked at carefully we have sold this section to the american public that they pay a dime into a program, they deserve all the benefits. the gap between what you pay in
host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. it's attached to social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we...
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and on tomorrow morning's "washington journal" peter welch and the latest developments on the fiscal cliff negotiations. josephhat, political'o's schatz. "washington journal" live tomorrow morning at 7 a.m. eastern. >> we have had explosions of knowledge in medicine. we have not coordinated. there are services that we have. they end up having so many cracks that the cracks are harmful to the diseases we are treating. you need to step back and ask, are we hurting people over all on a global level? what are we doing question mark -- what are we doing? now we have reports saying that 30% of everything we do may not be necessary in healthcare. the test we order and the procedures -- this is something that i think for the first time is really being called out as a problem. >> this function in the u.s. industry. dr. marty makary on c-span 2. >> the group campaign to fix the debt -- the former co-chair of the national debt commission. at the event, we hear from white house economic adviser gene sperling and senator rob portman of ohio. senator portman was interrupted several times by protes
and on tomorrow morning's "washington journal" peter welch and the latest developments on the fiscal cliff negotiations. josephhat, political'o's schatz. "washington journal" live tomorrow morning at 7 a.m. eastern. >> we have had explosions of knowledge in medicine. we have not coordinated. there are services that we have. they end up having so many cracks that the cracks are harmful to the diseases we are treating. you need to step back and ask, are we hurting people...
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i did not think we have used the words fiscal cliff this monday morning. >> we have not. i had a very high class economist, strategists, d.c. insider. they were optimistic. they see this fiscal cliff at the end of the year. even if it is a bad deal, we will have much stronger growth at the back half. stuart: do they think president obama gets the credit for this? >> they were not really keen on saying that at that very moment. certainly, if we fall off the cliff, it will be the republicans fault. >> i think it will be a bad deal. i do not see serious spending
i did not think we have used the words fiscal cliff this monday morning. >> we have not. i had a very high class economist, strategists, d.c. insider. they were optimistic. they see this fiscal cliff at the end of the year. even if it is a bad deal, we will have much stronger growth at the back half. stuart: do they think president obama gets the credit for this? >> they were not really keen on saying that at that very moment. certainly, if we fall off the cliff, it will be the...
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oh, my goodness. >>> let's continue to talk about the fiscal cliff this morning because negotiations we know are stalled, and there's a new poll from nbc news, "the wall street journal" 67% of americans said they would accept a compromise on one or both of the biggest sticking points, increased taxes, cuts in spending. public leaders say government overspending is the root of our problems. our next guest says a collaboration between government and private industry would move the nation forward. "doing capitalism in the innovation economy" ranked among 2012's best books by the financial times. people talk about an innovation economy. what does that mean? >> i mean the processes by which through trial and error we discover new technologies, research is alied, and then the stuff that really matters is built out into the kind of networks from the canals to the railroads to the highway system, the electricity grid and the internet that transform the market economy and then finally there's a process again, trial and error, of exploring what this new stuff is good for. the point is that thi
oh, my goodness. >>> let's continue to talk about the fiscal cliff this morning because negotiations we know are stalled, and there's a new poll from nbc news, "the wall street journal" 67% of americans said they would accept a compromise on one or both of the biggest sticking points, increased taxes, cuts in spending. public leaders say government overspending is the root of our problems. our next guest says a collaboration between government and private industry would move...
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goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you walk us through the time frame here? when are we expected monte to step down? what happens next? >> good morning to you, kelly. here is the time frame for you. over the next few weeks, we're expecting the budget stability law to b
goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the...
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according to reuters which cited concerns over a fiscal cliff deal but what does the so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets and the big wigs on them amount to this. material nonpublic information which is defined as the information that the average investor doesn't have the capability of an insider trading case pretty damn. there is a debate we'll talk about it and loose change let's get to today's capital account . while a fiscal cliff debate seems to consume the domestic airwaves it also reverberated around the global echo chamber providing a baseline for headlines like this that we found a day in the english edition of the chinese government news source no deal in sight on the u.s. fiscal cliff to the international edition of the german paper der spiegel budget disarray u.s. set to restage greek tragedy now it may not represent the same type of threat but it is reminiscent of the debt ceiling debate in the summer of two thousand
according to reuters which cited concerns over a fiscal cliff deal but what does the so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets and the big wigs on them amount to this. material nonpublic information which is defined as the information that the average investor doesn't have the capability of an insider trading case pretty damn. there is a debate...
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cliff this morning. here's an article from "washington times" -- now this is from "politico." a situation that was in the paper couple weeks ago. looks li finally, before we go to phone calls, this article from the daily caller -- again, that is reported in the daily caller. we begin with a call from diane in julian, california, on our democratic line. caller: good morning, peter. my prediction came true, reelecting a president. women against violence acts, being held up by the house. john boehner and the republican house majority leader eric cantor. i tweeted last night quiet late saying the republicans are going to gang up on john boehner. there is an article in the new york times showing they feel he is dragging his feet and waiting until january 3. i also understand that the chairman of the government oversight and reform committee darrell issa, which is from our district here, is holding up the vote on the women against violence act also, which involves the illegals, native americans, and lgbt. this
cliff this morning. here's an article from "washington times" -- now this is from "politico." a situation that was in the paper couple weeks ago. looks li finally, before we go to phone calls, this article from the daily caller -- again, that is reported in the daily caller. we begin with a call from diane in julian, california, on our democratic line. caller: good morning, peter. my prediction came true, reelecting a president. women against violence acts, being held up by...
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according to reuters which cited concerns over a fiscal cliff deal but what does the so-called dollar index really gauge when it comes to the greenback true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets in the big woods on them amounts to this. material nonpublic information which is defined as information that the average investor doesn't have this is an insider trading case pretty standard. there is a debate will talk about it and loose change let's get to today's capital account. while physical cliff debate seems to consume the domestic airwaves at all.
according to reuters which cited concerns over a fiscal cliff deal but what does the so-called dollar index really gauge when it comes to the greenback true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets in the big woods on them amounts to this. material nonpublic information which is defined as information that the average investor doesn't have this is an insider trading case pretty standard. there is a debate will talk...
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. >> nearing the edge washington still want seem to agree on a deal to avoid that fiscal cliff. were voters optimistic lawmakers will come through on this one? doug luzader has the brand new fox poll from washington. good morning. >> good morning. the clock isic itting. will there be an agreement. 51 percent of registered voters in the fox news poll say there will be an agreement between the president and congress to avert the fiscal cliff before the end of the year. a tiny majority. start with the white house position that taxes on wealthy must go up and republicans plan to give tax breaks just won't fly. here is jay carney. >> it is not a plausible position as jason fuhrman made clear to you last week to say we can somehow magically achieve significant revenue p on the order that we need for that balance reduction package simply by closing loopholes they will not name or capping deductions they will not specify sometime in the future. that is -- those magic beans are just beans. that fair redust is just dust. it isn't. >>> here's what the fox news polls show us. can raising ta
. >> nearing the edge washington still want seem to agree on a deal to avoid that fiscal cliff. were voters optimistic lawmakers will come through on this one? doug luzader has the brand new fox poll from washington. good morning. >> good morning. the clock isic itting. will there be an agreement. 51 percent of registered voters in the fox news poll say there will be an agreement between the president and congress to avert the fiscal cliff before the end of the year. a tiny...
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host: our series on the fiscal cliff continues this morning with a dive into social security. here to talk about the program and how it is involved in the discussions, the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. how much social security do people get? guest: a little more than 66 million people. the average benefit is a little over $12,000 -- a little over $1,200 a month. maybe $13,000 a year or so. host: we are talking about retirees and the disabled. guest: a fairly wide group of people receive social security benefits. retired workers, spouses, children, disabled workers, widows, widowers. a big safety net of people. host: retirees receive about $1,200 a month on average. the benefits for the disabled, $1,100 a month on average. how does social security get financed? guest: it has been a self-funded program since its inception. it is funded by payroll taxes. there's a 12.4% tax on wages up to about $110,000. if you make more than that, any money you make over that is not taxed as part
host: our series on the fiscal cliff continues this morning with a dive into social security. here to talk about the program and how it is involved in the discussions, the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. how much social security do people get? guest: a little more than 66 million people. the average benefit is a little over $12,000 -- a little over $1,200 a month. maybe $13,000 a year or so. host:...
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going over the fiscal cliff doesn't mean your taxes go up, it means programs and services that touch virtually every aspect of american life are downsized. good morning, everyone. i'm kristine romans. america can't afford itself. a long-term debt and deficit problems, and these are the folks who have to fix it. how close are they? >> i think we're going over the cliff. >> we can't sit here and try to figure out what works for them. >> we look forward to the time when they are specific. >> they need to be more specific. >> they have to be willing to come to the table with specifics. >> we've not had any discussion and specifics with this president about the real problem. >> we need a response from the white house. we can't sit here and negotiate with ourselves. >> i will not play that game. >> further apart than ever. you've heard endless arguing about higher taxes on the rich. let's set that aside and talk about the sequester the budget wonk word for a thing that will touch every american. $1.2 trillion in automatic budget cuts over the next decade, 100 billion next year alone, half
going over the fiscal cliff doesn't mean your taxes go up, it means programs and services that touch virtually every aspect of american life are downsized. good morning, everyone. i'm kristine romans. america can't afford itself. a long-term debt and deficit problems, and these are the folks who have to fix it. how close are they? >> i think we're going over the cliff. >> we can't sit here and try to figure out what works for them. >> we look forward to the time when they are...
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host: we are continuing our series, looking at different parts of the fiscal cliff talks. today we want to focus on sequestration. joining us now is robert levenson, a senior defense analyst at bloomberg government. let's begin with what secret -- with what sequestration means. term. if you have looked it up on google 20 months ago, it would have something to do with coal and carbon, but this is about automatic cuts going into place known as sequestration. host: how did this come about? where is it headed? caller: as we recall from last year, there was a crisis over raising the debt ceiling. republicans demanded some cuts from congress. they agreed to $1 trillion in cuts, they handed over $1.50 trillion to the super committee. because they failed to come up with a deal that could be approved by congress and the president, those automatic cuts go into effect, $1.20 trillion over 10 years. the first cut will go into effect on january 2 of 2013. host: how are the defense sequestration cuts being applied? are we sure? guest: we are not exactly sure, but the law says that every
host: we are continuing our series, looking at different parts of the fiscal cliff talks. today we want to focus on sequestration. joining us now is robert levenson, a senior defense analyst at bloomberg government. let's begin with what secret -- with what sequestration means. term. if you have looked it up on google 20 months ago, it would have something to do with coal and carbon, but this is about automatic cuts going into place known as sequestration. host: how did this come about? where...
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from "politico" this morning -- that is a little bit from "politico" on that fiscal cliff. david, thank you for holding. caller: yes, good morning. host: what do you think about hillary clinton could go future? caller: i do not think she will run. [indiscernible] we have the man that we need [indiscernible] we are not working. there is no way the government can be supported. host: that was david from georgia them but we are able to bring you some live events to date on c-span. this afternoon, the annual christmas tree lighting. the president will be there. that will be live at 4:30 p.m. eastern time. you will be able to see the lights on the national christmas tree. that is held right in front of the white house just south of the white house. jay on our boat page says -- says -- page scott is an independent from florida. caller: good afternoon, c-span. i am going to say some things you probably do not want to hear but there are the truth about hillary clinton. i think she is very intelligent and on top of her game. when i look back at her career when her husband was preside
from "politico" this morning -- that is a little bit from "politico" on that fiscal cliff. david, thank you for holding. caller: yes, good morning. host: what do you think about hillary clinton could go future? caller: i do not think she will run. [indiscernible] we have the man that we need [indiscernible] we are not working. there is no way the government can be supported. host: that was david from georgia them but we are able to bring you some live events to date on...
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cliff. it's expected to get under way shortly, and we're bringing it to you live here on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning, all. good morning. i'm john fox sullivan, i'm publisher at large of atlantic media company, we publish the atlantic, national journal, government executive, a new product, quartz, and we want to welcome you to this special event this morning. and i want to welcome our c-span audience which is tuning in. um, this is the 15th allstate/national journal heartland poll that we're going to be discussing this morning. since april of 2009, allstate and national journal and the atlantic have partnered in surveying the public opinion of a little bit oriented towards the mitt middle class -- middle class, but public at large. this was initiated by our friend ed reilly and ron brownstein of national journal and post the economic crisis, we decided to see what the american public perceptio
cliff. it's expected to get under way shortly, and we're bringing it to you live here on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning, all. good morning. i'm john fox sullivan, i'm publisher at large of atlantic media company, we publish the atlantic, national journal, government executive, a new product, quartz, and we want to welcome you to this special event this morning. and i want to welcome our...
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cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that it is important to address entitlement reform, something they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox n
cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that...
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finally meeting face-to-face over the fiscal cliff. they sat down at the white house yesterday. neither side is discussing details. both agree the lines of communication remain open. massive tax hikes and spending cuts take hold in 22 days if the two leaders can't work out a deal. >> a busy day sunday at seattle city hall. 133 same-sex couples tied the knot. sarah and emily cover were among the first couples to get married. the same-sex couples married sunday in seattle were among the first to pick up their marriage licenses last thursday. the state required a three-day waiting period before ceremonies. >>> european union leaders are in oslo to receive the nobel peace prize. hundreds of protesters have been braving oslo's snow. the prize was meant to honor contributions to disarmament and eu member states account for a third of global arms exports. >> thanks, christine. >>> it is now 15 minutes after the hour. time for "early read," your local newsmaking national headlines. a big medical story in the "philadelphia enquirer." it's in a
finally meeting face-to-face over the fiscal cliff. they sat down at the white house yesterday. neither side is discussing details. both agree the lines of communication remain open. massive tax hikes and spending cuts take hold in 22 days if the two leaders can't work out a deal. >> a busy day sunday at seattle city hall. 133 same-sex couples tied the knot. sarah and emily cover were among the first couples to get married. the same-sex couples married sunday in seattle were among the...
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host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have money in the economy? guest: on the medicare aside -- this is a very important issue were one needs a lot of public a lot -- a lot of public education about the numbers and the reality. the gap between peril taxes paid in and premiums paid into medicare and spending going out his $3 billion per year. that program is a big part of the problem. it is also true of medicaid and ssi, i think they should all be looked at carefully we have sold this section to the american public that they pay a dime into a program, they deserve all the benefits. the gap between what you pay into medicare and w
host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have...
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by now, a little bit more about the fiscal cliff. >> we turn our attention this morning about unemployment benefits and how insurance could back -- how insurance could be impacted. thank you for coming in. we want to start the discussion. when we're talking about unemployment insurance, what specific programs are we talking about here? >> unemployment insurance is the combination of federal and state programs. it usually lasts up to six weeks. it can be extended up to 93 weeks, depending on which they were in. it is this extension that we're really talking about as part of the fiscal cliff. >> that is what might be cut. that is what automatically expires. we know it cost $30 billion to continue additional unemployment benefits. of the deal i want to make, the benefits should continue. firm stand. we have seen in the past obama host: what specific benefits do guest: usually some kind of a cash benefit or they may help the search for a job. it is usually about $300 a week. it can vary from state sen. in the mississippi i want to say it is closer to $200. host: how are the programs funded? pa
by now, a little bit more about the fiscal cliff. >> we turn our attention this morning about unemployment benefits and how insurance could back -- how insurance could be impacted. thank you for coming in. we want to start the discussion. when we're talking about unemployment insurance, what specific programs are we talking about here? >> unemployment insurance is the combination of federal and state programs. it usually lasts up to six weeks. it can be extended up to 93 weeks,...
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cliff. the avalanche is different. the only thing you know about avalanches, you know when the conditions are present. you know when the snowpack has built up to the point where it could happen. you do not know when it is going to happen, you just know it is coming. once it hits you, the avalanche becomes completely impossible to control. do you agree with this characterization about the avalanche? could you elaborate about that kind of threat? >> would you mind if i steal that from you? i will give you credit. i think it is right. i do think -- that is why what you're doing now is so important. this is a once in a generation opportunity for you to nail these things down. we're not that far apart. i really do not think we are. if you are able to put us on a credible path to fiscal sustainability, do it in a balanced way, i think we are golden. i think we will avoid that avalanche. if we do not do that, ultimately, it means we will never do it until we're forced by that avalanche. >> how soon
cliff. the avalanche is different. the only thing you know about avalanches, you know when the conditions are present. you know when the snowpack has built up to the point where it could happen. you do not know when it is going to happen, you just know it is coming. once it hits you, the avalanche becomes completely impossible to control. do you agree with this characterization about the avalanche? could you elaborate about that kind of threat? >> would you mind if i steal that from you?...
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we will have it live when it starts to read back to the conversation on the fiscal cliff this morning from the washington journal and a look at how the business is might be affected. of >>> let's begin with what iss bi comeess and how does it t: about?t's >> guest: is an organization with a simple mission. our job is trying to make it ist easier for business leaders inon about country that care about policy issues but don't have a washington office or don't havea town spe to speak out on the issuesak of the public policy. >> host: so, is this a brand-new organization? >> guest: even a route for years three and a half supported by some of the biggest companies in c the world, but o- business leaders are around the country. we go out to small business owners and entrepreneurs and venture capitalists and try to o get them g more involved in the policy-making process. we so what we do isbring administrn officials, members of congress, governors out to cities around the country to do briefings with business leaders. we also bring those business leaders to washington and the president's eco
we will have it live when it starts to read back to the conversation on the fiscal cliff this morning from the washington journal and a look at how the business is might be affected. of >>> let's begin with what iss bi comeess and how does it t: about?t's >> guest: is an organization with a simple mission. our job is trying to make it ist easier for business leaders inon about country that care about policy issues but don't have a washington office or don't havea town spe to...
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about the fiscal cliff. this is from "the washington post." "egyptian opposition confused over next step." host: also from "of the washington times" this morning -- "hillary clinton will testify on the hill." "and no date has been announced for her testimony, either in open or closed session. the state department has put forth and accountability review board and that is investigating the attacks. host: burke, new orleans. what are you willing to sacrifice? caller code good morning. i think that we are spending way too much on this drug war. it is costing the nation way too much at the end of the day and we need to reevaluate ourselves on it. i am for reducing revenue. we should adopt a poll tax in this nation or a transaction tax on security. i do not know. the lancelot. host: all right. -- thanks a lot. host: all right. this headline, "the u.s. knew for years about the benghazi extremism." front page of "the new york times" has this story, "mortgage crisis brings a new reckoning to banks. in the worst case
about the fiscal cliff. this is from "the washington post." "egyptian opposition confused over next step." host: also from "of the washington times" this morning -- "hillary clinton will testify on the hill." "and no date has been announced for her testimony, either in open or closed session. the state department has put forth and accountability review board and that is investigating the attacks. host: burke, new orleans. what are you willing to...
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good morning, mr. dave. and let's start with the fiscal cliff. we were just talking to becky about it. what's the best way for you to gauge where market is expecting a compromise here? >> good morning, kelly and ross. thanks for having me. you know what? one of the main things that the trading community has been looking at is a defense contractor. these guys are ground zero for any fiscal cliff stress. yesterday when the president got on and the future started selling off, we were watching the defense contractors. they weren't sliding whatsoever. so we were telling our clients, this is a near term blip in the market. unfortunately we are surrounding by headline trading. but a lot of the underlying current right now seem to be saying that the deal is saturdaying to come together. and i think becky hit it right on the head in the prior segment saying we're not seeing these guys in front of the cameras. they're in the rooms talking, which is important. so we keep telling clients, watch these defense contractors. it has utx, it has boeing, it has loc
good morning, mr. dave. and let's start with the fiscal cliff. we were just talking to becky about it. what's the best way for you to gauge where market is expecting a compromise here? >> good morning, kelly and ross. thanks for having me. you know what? one of the main things that the trading community has been looking at is a defense contractor. these guys are ground zero for any fiscal cliff stress. yesterday when the president got on and the future started selling off, we were...
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get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white hou
get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create...
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the defense budget. >> on tomorrow morning's washington journal, and look at the so-called fiscal cliff and what happened of budget cuts take place in january. jim doyle on the aspect of businesses. after that, charles clark with domestic program cuts. and more about the issue with the brookings institution and ethics of public policy center. and your e-mails, phone calls, and tweets. live tuesday at 7:00 a.m. eastern on c-span. >> president obama talking about the economy and the need to reach an agreement with congress on the january fiscal deadline terry the president spoke at the daimler diesel plant outside of detroit. his remarks are about 25 minutes. >> hello, redford! [applause] it is good to be back in michigan. [applause] how is everybody doing today? [applause] now, let me just start off by saying we have something in common -- both our teams lost yesterday. [laughter] i mean, i would like to come here and talk a little smack about the bears, but we didn't quite get it done. but it is wonderful to be back. it is good to see everybody in the great state of michigan. [applause]
the defense budget. >> on tomorrow morning's washington journal, and look at the so-called fiscal cliff and what happened of budget cuts take place in january. jim doyle on the aspect of businesses. after that, charles clark with domestic program cuts. and more about the issue with the brookings institution and ethics of public policy center. and your e-mails, phone calls, and tweets. live tuesday at 7:00 a.m. eastern on c-span. >> president obama talking about the economy and the...
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caller: what is the political appetite if we go over the fiscal cliff? you can't save your way into prosperity. would there be any appetite for infrastructure -- we made no distongues between debt per se, consumeables like military consumeables or unemployment and capital projects. is there any appetite to reality for capital projects to get us out of this mess? guest: there is on our side. are you absolutely ry. this is a good time -- there's borrowing and borrowing. you are borrowing to build a bridge and it's going to be used for two, three, four generations. that's a legitimate reason to borrow. we have w.p.a. buildings in vermont built in the roosevelt years. we are still using them. that's legitimate. also we have such a crumbling infrastructure in this country. roads and bridges, our airports need improvement. we need to have broadband deployed throughout the country. there are things that need to be done. in doing of them, borrowing money for those capital projects, that makes sense. you are not borrowing money for your living expenses, in effect
caller: what is the political appetite if we go over the fiscal cliff? you can't save your way into prosperity. would there be any appetite for infrastructure -- we made no distongues between debt per se, consumeables like military consumeables or unemployment and capital projects. is there any appetite to reality for capital projects to get us out of this mess? guest: there is on our side. are you absolutely ry. this is a good time -- there's borrowing and borrowing. you are borrowing to build...
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certainly a quiet morning in washington. maybe they are thinking about the fiscal cliff. who knows. well, our focus today and this morning is syria which is important, not just because more than 40,000 have died in the 21-month conflict but because there are new fears that the government may unleash deadly chemical weapons on its own people. that means more lives could be lost, and for americans it means that the u.s. would probably take action. president obama, secretary of state clinton and defense secretary leon panetta have warned president bashar al assad that using chemical weapons crosses the red line. >> the world is watching. the use of chemical weapons is and would be totally unacceptable. >> so the question is what would that action look like? cnn pentagon correspondent barbara starr has a look. >> reporter: randi, for defense secretary leon panetta, the major priority now is to try to determine syria's intent. does it intend to use chemical weapons? with the u.s. now believing the syrian government has chemical weapon-filled bombs, cnn has learned the pentagon is secretl
certainly a quiet morning in washington. maybe they are thinking about the fiscal cliff. who knows. well, our focus today and this morning is syria which is important, not just because more than 40,000 have died in the 21-month conflict but because there are new fears that the government may unleash deadly chemical weapons on its own people. that means more lives could be lost, and for americans it means that the u.s. would probably take action. president obama, secretary of state clinton and...
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cliff plan. they battled between governor snyder and the governor. he will be the 24th right to work stated. kelly wright is following this for us. good morning, kelly. >>> when he speaks in michigan president obama will find himself steping into the middle of a debate heading into the union. it will make michigan a right to work state. >> there you have it. hundreds of union workers responding to michigan's republican controlled legislature's push to make michigan the 24th right to work state. the vote takes place tuesday. governor snyder is now backing the plan. >> this is solely focused on their relationship. shouldn't the the opportunity to say they want to be long or not. second piece is this will be good for economic development for more p and better jobs coming to michigan. >> the union workers agree with the governor they argue michigan was built on unions. they claim the gop majority state legislature is making an attack on the middle class. >> on tuesday it's important because they are
cliff plan. they battled between governor snyder and the governor. he will be the 24th right to work stated. kelly wright is following this for us. good morning, kelly. >>> when he speaks in michigan president obama will find himself steping into the middle of a debate heading into the union. it will make michigan a right to work state. >> there you have it. hundreds of union workers responding to michigan's republican controlled legislature's push to make michigan the 24th right...
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cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happe
cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving...
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the fiscal cliff, top of mind for wall street this morning. adp out with the monthly look of private sector employment at 8:15 eastern time. economists think this report will show that the united states added 125,000 private sector jobs in november. president obama's going to be speaking to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnerny says the business leaders want a balanced solution to short and long-term deficit issues. >>> and facebook is joining the nasdaq 100 index. it will be joining the index next wednesday and replaces tech firm emphasis who is moving to the new york stock exchange. >>> our guest host here to take on the financial cliff as well as false assumptions investors may be making about what the markets will do come january. joining us is dan greenhouse and chris walen, senior managing director. just looking through some of your comments, dan, you don't think we should go over, obviously. >> well, we were -- chris and i were joking in the green room. a lot of the policies in the c
the fiscal cliff, top of mind for wall street this morning. adp out with the monthly look of private sector employment at 8:15 eastern time. economists think this report will show that the united states added 125,000 private sector jobs in november. president obama's going to be speaking to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnerny says the business leaders want a balanced solution to short and long-term deficit issues. >>> and facebook...
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as part of the fiscal cliff talks. first up here on overview from a capitol hill reporter on social security. >> here to talk about the prop program and how it is involved in these discussions. steven joining us from the associated press where he's a reporter. thank you for being here. how many people in america receive social security and how much do they get? guest: a little bit more than 56 million people get social security and the average benefit is a little over $12,000 -- let's see, a little over $1,200 a month. so maybe it's like $13,000, $14,000 a year. host: and we're talking about retirees. also, though, the disabled. guest: yes, yes. actually we have a fairly wide group of people get social security benefits. retired workers, spouses, children, disabled workers, widows, widowers. it's actually a fairly big social safety net of people who get social security benefits. host: as you mentioned, about 56 million beneficiaries. those retirees receive about $1,200 a month on average. the benefits for the disabled,
as part of the fiscal cliff talks. first up here on overview from a capitol hill reporter on social security. >> here to talk about the prop program and how it is involved in these discussions. steven joining us from the associated press where he's a reporter. thank you for being here. how many people in america receive social security and how much do they get? guest: a little bit more than 56 million people get social security and the average benefit is a little over $12,000 -- let's...
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fiscal cliff. if you listened to speaker boehner yesterday he is reading reports that the president is trying to slow walk this thing. listen to the speaker. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> there are a lot of things that are possible to put the rev that the president seeks on the table, but nope of it is going to be possible. the president insists on his position. insists on my way or the highway. that's not the way to get to an agreement that i think is important for the american people and very important for our economy. >> there you go. so that's what speaker boehner's office is saying. they had a phone call on thursday. but people wondering if they are not even talking at all anymore. >> he said this is no way to an agreement there should be compromise. if you are elected official you should represent all of the united states and you should compromise and hear both sides. >> i think you should
fiscal cliff. if you listened to speaker boehner yesterday he is reading reports that the president is trying to slow walk this thing. listen to the speaker. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> there are a lot of things that are possible to put the rev that the president seeks on the table, but nope of it is going to be possible. the president insists on his position. insists on my way...
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tomorrow morning, a program looking at the fiscal cliff and what could happen if the budget cuts set to go in effect take place in january. we will hear from jim doyle on how the fiscal cliff could affect businesses and charles park from the government executive media group. he will look at domestic program cuts. then more and your e-mail, phone calls and tweets. that's on "washington journal" tomorrow morning starting at 7:00. on capitol hill, a house is back in tomorrow. members will consider whether to send negotiators to meet with the senate on defense department programs for next year. off the floor of negotiations continuing over the fiscal clef. that's a combination of tax increases and spending cuts set to begin in january. live coverage of the house tomorrow at 2:00 eastern on c- span. earlier today, the pew center on the states held a discussion about the 2012 election and this upcoming panel focused on voter registration and on-line registration compared to using paper and mail. this is about one hour. the next discussion is a topic near and dear to our heart -- it's our v
tomorrow morning, a program looking at the fiscal cliff and what could happen if the budget cuts set to go in effect take place in january. we will hear from jim doyle on how the fiscal cliff could affect businesses and charles park from the government executive media group. he will look at domestic program cuts. then more and your e-mail, phone calls and tweets. that's on "washington journal" tomorrow morning starting at 7:00. on capitol hill, a house is back in tomorrow. members...
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. >> and tomorrow morning's "washington journal", peter welch, on the latest development of the fiscal cliff negotiation. after that, joe shaw looks at the estate tax, which is set to go up the end of the year plus, your e-mails, phone calls, and tweets. "washington journal" is live at 7:00 a.m. eastern on c-span. now come in a discussion of how the military and national security might be a affected by spending cuts at the first of the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it co
. >> and tomorrow morning's "washington journal", peter welch, on the latest development of the fiscal cliff negotiation. after that, joe shaw looks at the estate tax, which is set to go up the end of the year plus, your e-mails, phone calls, and tweets. "washington journal" is live at 7:00 a.m. eastern on c-span. now come in a discussion of how the military and national security might be a affected by spending cuts at the first of the year. part of the so-called...
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cliff is coming quickly at us. it's doing definite damage to boehner's brand. a new "washington post"/abc poll showing voters overwhelmingly disapprove of boehner's handling of the fiscal talks. it's an even split on the president. who is still sticking to his guns, urging the gop to pass tax cuts for the middle class by christmas? >> taxes are going to go up one way or the other. i think the key is to make sure that taxes go up on high end individuals like you and me. we can afford it. it is entirely possible for us to come up with a deal but time is running short. >> right to work is wrong! >>> our other story developing in michigan today, where labor unions are considering a large scale counter offensive. the home of the uaw is now the first blue right to work state after a pair of bills were signed into law by governor rick snyder who appeared on msnbc's "morning joe" today. >> i believe this is pro-worker. because the way i view it is workers now have freedom to choose. this does not deal with organizing at al
cliff is coming quickly at us. it's doing definite damage to boehner's brand. a new "washington post"/abc poll showing voters overwhelmingly disapprove of boehner's handling of the fiscal talks. it's an even split on the president. who is still sticking to his guns, urging the gop to pass tax cuts for the middle class by christmas? >> taxes are going to go up one way or the other. i think the key is to make sure that taxes go up on high end individuals like you and me. we can...
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. >>> this morning marks 24 days before the country goes over the fiscal cliff, where everyone's taxes automatically go up. and deep spending cuts kick in. president obama is taking aim at republicans, accusing them of blocking a bill that would prevent tax rates to go up for the middle class. fiscal cliff negotiations are now in the hands of just two people. president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer confidence floated. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if we go over the cliff. now, working for the cuts they will make if we do actually go over the cliff. a diner, middle-class taxpayers and the vice president, telling republicans a deal to extend tax cuts for all but the wealthy is easy. >> the president would probably have me sprint up to the hill to bring the bil
. >>> this morning marks 24 days before the country goes over the fiscal cliff, where everyone's taxes automatically go up. and deep spending cuts kick in. president obama is taking aim at republicans, accusing them of blocking a bill that would prevent tax rates to go up for the middle class. fiscal cliff negotiations are now in the hands of just two people. president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs...
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. >>> and americans want a deal on the fiscal cliff now. john harwood will be along with those results. >>> and the mysterious john mcafee is back on u.s. soil after being on the run
. >>> and americans want a deal on the fiscal cliff now. john harwood will be along with those results. >>> and the mysterious john mcafee is back on u.s. soil after being on the run
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the president will speak on the fiscal cliff. what a day shaping up this morning. there's a look at s&p on the top of your screen. opening bell in a moment here at the big board. a limited partnership formed by marathon. celebrating the recent ipo. over at the nasdaq, a limited liability company celebrating the recent listing. >> fabulous company for people looking for high yield in the 401(k). they can't use it because of the tax break. >> very nice. a couple interesting notes about today. the anniversary of greenspan's speech on this date back in 1996 in which the dow closed at 6,437. >> a classic buy opportunity that was. >> when it hit 6400 in '09 it was a good opportunity too. >> yesterday s&p closes at 1,407. one year earlier 1,409. lost two points over the course of the year. >> it does look like nothing has happened. >> it's all beneath the surface. intel will be one to keep an eye on. $6 billion buyback going back to markets to fund that theme that is intact. >> obviously there is secular decline of pcs. raymond james goes from hold to sell. intel has a ba
the president will speak on the fiscal cliff. what a day shaping up this morning. there's a look at s&p on the top of your screen. opening bell in a moment here at the big board. a limited partnership formed by marathon. celebrating the recent ipo. over at the nasdaq, a limited liability company celebrating the recent listing. >> fabulous company for people looking for high yield in the 401(k). they can't use it because of the tax break. >> very nice. a couple interesting notes...
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cliff and that low interest rate environment. and actually this morning, the ceo of goldman sachs actually just went ahead and called it a bond bubble. too many companies borrowing too long-term and those cheap rates. very interesting comment. and this afternoon, some private eck by can i titans piggy backed that, talking about what the costs mean for the u.s. government especially when it is negotiating the fiscal cliff. >> you should really get an aggressive deal done, because it's for sure clear you're going to have an upward move in interest rates and when it does, we'll be in the same soup again. >> right now, we're spending about $250 billion more or less on interest. if we had normalized interest rates, what you normally would think at this kind of period of time, post-recession, we would be spending $600 billion a year for interest, given how much we're borrowing. we're not spending that much because interest rates are so low. >> so, rubenstein saying we'll incur those prices at a later date, but another said it will pay
cliff and that low interest rate environment. and actually this morning, the ceo of goldman sachs actually just went ahead and called it a bond bubble. too many companies borrowing too long-term and those cheap rates. very interesting comment. and this afternoon, some private eck by can i titans piggy backed that, talking about what the costs mean for the u.s. government especially when it is negotiating the fiscal cliff. >> you should really get an aggressive deal done, because it's for...
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it is part of the so-called fiscal cliff. tomorrow morning we will look at the expiring unemployment benefits. or first guest is josh boak. "washington journal" is live every day on c-span at 7:00 a.m. eastern. >> the chiefs of staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated that it would cost $750,000. 500,000 would be maimed for life. >> i choose to honor both the sacrifice of american servicemen find their way through the pacific and a little girl who died as a result of an atomic bombing. it is unimaginable what that must of been like to be close to that center were that fireball originated. >> follow the journey to hiroshima sunday on american history tv. that is the 9:00 p.m. eastern. >> at a hearing on the so-called fiscal cliff, economists agree the problem has to be resolved immediately to avoid pushing the country into recession. they disagreed on how to raise the needed revenue. center bob casey chairs this joint economic committee hearing. it is an hour an
it is part of the so-called fiscal cliff. tomorrow morning we will look at the expiring unemployment benefits. or first guest is josh boak. "washington journal" is live every day on c-span at 7:00 a.m. eastern. >> the chiefs of staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated that it would cost $750,000. 500,000 would be maimed for life. >> i choose to honor both the sacrifice of american servicemen find their way...
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investors waiting to see what comes out of the fiscal cliff negotiations and in europe, a choppy start to the trading day. investors are waiting for the results of greece's bond buyback program occurs. joe has some of the big corporate news and this one is actually a global corporate story. >> hsbc. we're talking about paying $1.9 billion in the money lawnering lapses. a brirchb lender admitting to a breakdown of controls, in a statement announcing a deferred payment. yesterday standard chartered agreed to pay $27 million agreeing that it violates sanctions against iran and two other international companies. >> if you're an international bank and you prael without getting into this kind of trouble? >> no. >> can you actually operate without money laundering? >> i'm just saying, if you're going to be in business in all these types of markets, isn't this going to happen? >> aren't there sxwier countries that would be probably -- that it would stead if you don't want any business tale. >> was there a fascination in this country about whether you want to indict the whole institution or wha
investors waiting to see what comes out of the fiscal cliff negotiations and in europe, a choppy start to the trading day. investors are waiting for the results of greece's bond buyback program occurs. joe has some of the big corporate news and this one is actually a global corporate story. >> hsbc. we're talking about paying $1.9 billion in the money lawnering lapses. a brirchb lender admitting to a breakdown of controls, in a statement announcing a deferred payment. yesterday standard...
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i know we're being told we are at the edge of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable. do not go back to the clinton era. that administration led use in a recession and do not raise the inheritance tax. and then listen to this, she said, i am from a family of farmers. that will kill our family and many others and make it impossible to keep farms that have been in our family for generations. that is the most unfair tax there is. this country will not survive more blows to small business and the middle class. stop the insanity and stop it soon. and finally from patrigsa in jefferson city, she said, i want to voice my opinion on what's happening
i know we're being told we are at the edge of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable. do...
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we continue our fiscal cliff coverage, "mission critical, rise above d.c." we've heard a lot after a morning of interviews and action on capitol hill. here is what we know now. just a short while ago house speaker boehner said he's still waiting on a solid plan from president obama. >> i'm hopeful we can reach an agreement. this is a serious issue. there's a lot at stake. the person people sent us here to work together towards the best possible solution, and that means cutting spending. the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. >> meanwhile despite all of the back and forth, the market is seemingly optimistic today. at least some form of a deal will be released. we've been up 100 points on the dow industrials for the past hour. senator mark warner of virginia perhaps putting it best saying compared to the size of our economy the current proposals are relatively small and government should step up and get a deal done. >> we're joined by representative lee terry, rep
we continue our fiscal cliff coverage, "mission critical, rise above d.c." we've heard a lot after a morning of interviews and action on capitol hill. here is what we know now. just a short while ago house speaker boehner said he's still waiting on a solid plan from president obama. >> i'm hopeful we can reach an agreement. this is a serious issue. there's a lot at stake. the person people sent us here to work together towards the best possible solution, and that means cutting...
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Dec 6, 2012
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cliff, house minority leader nancy pelosi spoke to reporters about the issue. she called the republican proposal "an assault on middle- class and seniors." >> good morning. here we are. thursday in december, the talk around here is what is going not at the negotiating table. is anything going on at the negotiating table? what is important, i think, is what is happening at kitchen tables across america. the relationship to decisions that are made here to what those discussions are. i think it is important to take a moment to see the context with which these negotiations are taking place. the middle class -- and we saw the republican plan, the proposal was an assault on a middle-class, seniors and on our future. when you look at kitchen tables across the country and how people are concerned about how they pay their bills, it is important to know that all of those decisions the mermaid to the economic security -- the decisions that are made have an impact on middle class families and on the prospects of the future for the young people and their families. when we l
cliff, house minority leader nancy pelosi spoke to reporters about the issue. she called the republican proposal "an assault on middle- class and seniors." >> good morning. here we are. thursday in december, the talk around here is what is going not at the negotiating table. is anything going on at the negotiating table? what is important, i think, is what is happening at kitchen tables across america. the relationship to decisions that are made here to what those discussions...
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Dec 10, 2012
12/12
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. >> industrials to the fiscal cliff. >> exactly. a quick break now. the morning's top stories when we return. that's what we'll have. >> plus the man of the hour, erskine bowles. find out whether he thinks washington can avert economic disaster. the courage to rise above when skwaux box returns. try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ made a retirement plan, they considered all her assets, even those held elsewhere, giving her the
. >> industrials to the fiscal cliff. >> exactly. a quick break now. the morning's top stories when we return. that's what we'll have. >> plus the man of the hour, erskine bowles. find out whether he thinks washington can avert economic disaster. the courage to rise above when skwaux box returns. try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our...